Rosewood is generally more expensive than mahogany. This is due to several factors, including the rarity of rosewood species, the demand for its unique properties, and the legal restrictions surrounding its trade. According to the International Trade Centre (ITC), rosewood is often listed under the Convention on International Trade in Endangered Species of Wild Fauna and Flora (CITES), which limits its export and import. These restrictions, combined with the high demand for rosewood in luxury furniture, musical instruments, and decorative items, drive up its price. Mahogany, while also a valuable wood, is more abundant and not subject to the same legal restrictions, making it less expensive. For instance, the price of rosewood can range from $10,000 to $50,000 per cubic meter, whereas mahogany prices typically fall between $3,000 and $6,000 per cubic meter.